Stavreski says continuous high industrial growth proves tax policies and good business climate are working

High rates of industrial growth are proof of the good tax policies and the overall positive business climate, Deputy Prime Miniter and Finance Minister Zoran Stavreski said after the State Statistics Bureau published latest data showing an industrial growth of 7,5 percent. From all European countries only Macedonia and Ireland have maintained a high level of industrial growth over longer periods of time.

- Macedonian industry is having a strong wind in its sails, and has grown for 14 months. The latest numbers, the 7,5 percent growth rate, also shows that our industrial activity has been growing at a rate of over 5 percent for 10 months straight. This shows that our policies are on a good course, Stavreski said during his visit to Prilep.

Part of the industrial growth, Stavreski added, is due to the foreign export oriented companies opening in the free industrial zones, but older domestic industries, like textile and metals, also had notable growth rates. The Deputy Prime Minister expects to see high rates of economic and industrial growth to continue in the future.